OPINION
EDITORIAL
Cap the foreign investment muddle
THE DECISION OF the Foreign Investment Promotion Board to defer consideration of the Max India proposal is symptomatic of the muddle in the official policy on sectoral caps on foreign investments. If the investment is routed through a vehicle ...
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ECONOMY
Data belie Greenspan's optimism
Data released in the US reinforce the scepticism that the Federal Reserve Chairman, Mr Alan Greenspan's cheer is not well founded and that the American economy has to grow furiously in 2004 second half to justify the optimism of the Fed's growth fore casts. Disappointed by durable goods orders and second quarter GDP data, economists are betting on non-farm employment figures. And indeed even if a significant number of jobs were created, it may not materially alter the premise that the economy ha s lost momentum as it enters the second half, says V. Anantha Nageswaran.
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INFRASTRUCTURE
Road less travelled
THE recent news about structural damage to Venduruthy Bridge - the bridge that connects Wellingdon Island with the rest of Kochi and which for long has been a lifeline of sorts for the people of the area - only points to the pitiful state ...
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MUTUAL FUNDS
Hedge funds: Not the ogres as made out
Well-managed hedge funds can improve asset price efficiency in the Indian market
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TAXATION
Kelkar Task Force on Indirect Taxes — The difficult challenge of tax reform
THE Kelkar Task Force on implementation of the Fiscal Responsibility and Budget Management (FRBM) Act has not received the attention it deserves, considering the importance of its proposals. While it was set up ...
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RURAL DEVELOPMENT
Kuttambakkam
THE once obscure panchayat of Kuttambakkam, situated 30 km from Chennai, has shot into national and international prominence for its conspicuous success in implementing progressive and innovative schemes for the social ...
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INTERVIEW
`Our challenge is to mechanise small farms'
At a time when tractor manufacturers should be celebrating, they are looking up to the skies. The handsome growth in sales in the first quarter of this year — nearly 48 per cent — was followed by a slump post-Budget. The Budget ...
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CONSUMERISM
Save yourself from heartache at petrol pumps
AFTER the latest hike in fuel prices, with a litre of petrol crossing Rs 40, it looks as if we may soon be paying at roughly the dollar rate. It is therefore with some anger that I read a mail from Harikesh (not his real name), a local friend who ...
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LETTERS
GTB fiasco
Boycott culture
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